Latest Indian Mutual Fund News | 04-Jan-2014

January 4, 2014

1.JM Arbitrage Advantage Fund announced dividend

JM Financial Mutual Fund has announced dividend under the dividend option. The quantum of dividend shall be Rs 0.22 per unit under JM Arbitrage Advantage-D and Rs 0.28 per unit under JM Arbitrage Advantage Direct-D. The record date has been fixed as January 07, 2014.

News Source – VALUE RESEARCH ONLINE.

2.UTI Quarterly Interval Fund Series VII declares dividend

UTI Mutual Fund has announced dividend under the dividend option of UTI Q Interval Fund Series VII Reg-D and UTI Q Interval Fund Series VII Reg Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as January 08, 2014.

News Source – VALUE RESEARCH ONLINE.

3.Reliance Fixed Horizon Fund – XXII Series 36 Announces Dividend

Reliance Mutual Fund has announced 08 January 2014 as the record date for declaration of dividend under dividend payout option of Reliance Fixed Horizon Fund-XXII Series 36. The amount of dividend on the face value of Rs 10 per unit will be entire distributable surplus available in the scheme as on the record date.

News Source – NAV INDIA.

GENERAL

4.Mutual funds step up selling

Mutual funds (MFs) sold shares worth a net Rs 70 crore on Thursday, 2 January 2014, higher than net outflow of Rs 10.80 crore on Wednesday, 1 January 2014.
The net outflow of Rs 70 crore on Thursday, 2 January 2014, was a result of gross purchases of Rs 393.20 crore and gross sales of Rs 463.20 crore. The S&P BSE Sensex had shed 252.15 points or 1.19% to settle at 20,888.33 on that day, its lowest closing level since 19 December 2013. Mutual funds have sold shares worth a net Rs 80.80 crore in this month so far (till 2 January 2014).